Waddell & Reed - A great blend of independence and support | Glassdoor
There are newer employer reviews for Waddell & Reed
There are newer employer reviews for Waddell & Reed

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Helpful (1)

"A great blend of independence and support"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in San Antonio, TX
Current Employee - Anonymous Employee in San Antonio, TX
Recommends
Positive Outlook
Approves of CEO

I have been working at Waddell & Reed full-time (More than 3 years)

Pros

Great potential for advancement. Higher pay out than any wire house with immense support. Reimbursement for client events. The company really makes the advisor the face of their own practice. Opportunity to build your own practice the way you see fit. First class asset management since 1937 (See Baron's ranking). Overall, you get out what you put in.

Cons

Lack of consistency regarding corporate direction causes headaches among management ranks. You get out what you put in. Ultimately, your work ethic will determine what category that last factor falls into.

Advice to Management

I interviewed with 5 other companies prior to accepting the offer from Waddell & Reed. Take heed, every manager, staff member, and office in general is different. Base your decision on the people you will be working with. I am honored to work with my management team and they have kept me at this company... not the money.

Other Employee Reviews for Waddell & Reed

  1. Helpful (1)

    "Employee centric firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Shawnee, KS
    Current Employee - Anonymous Employee in Shawnee, KS
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Waddell & Reed full-time (More than 5 years)

    Pros

    37.5 hour work week; great benefits; caring management

    Cons

    Lower salaries that aren't industry standard.

    Advice to Management

    Salaries should be more in line with industry.


  2. Helpful (3)

    "Pyramid Scheme"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Troy, MI
    Former Employee - Financial Advisor in Troy, MI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Waddell & Reed full-time (Less than a year)

    Pros

    None, unless you're inheriting a book of business.

    Cons

    Did not pay for licensing exams, no support structure, basically given a phone and told to sell securities. No requirements for hiring, only pass exams. Employees are not a concern to them, only if you can sell.

    Advice to Management

    Relocate HQ from Kansas City to NY

There are newer employer reviews for Waddell & Reed
There are newer employer reviews for Waddell & Reed

See Most Recent

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